Brentwood Investment Group Acquires 298-Unit Multifamily In Atlanta For $42M
SOLD
$42,000,000
Georgia
See Similar DealsMultiFamily
Sold 06/06/2022
SOLD
Brentwood Investment Group Acquires 298-Unit Multifamily In Atlanta For $42M
1991 Delowe Drive, Atlanta, Georgia 30311, United States
See Similar DealsMultiFamily
Sold 06/06/2022
Summary
GEORGIA
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 1991 Delowe Dr in Atlanta, GA has been sold for a price of $42,000,000. The property consists of 298 units with a price per unit (PPU) of $140,940.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $42,000,000
- Units: 298
- Price per Unit (PPU): $140,940
The buyer of the property is Brentwood Investment Group, LLC, while the seller is Middleburg Communities represented by Michael Bediones.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,239,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$149,217.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$199,101.43
Annual Debt Service$2,389,217.13
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